A number of other equities analysts have also issued reports on KO. Susquehanna reiterated a hold rating on shares of Coca-Cola in a research report on Sunday, July 17th. Vetr reiterated a buy rating on shares of Coca-Cola in a research report on Thursday, July 28th. Sanford C. Bernstein set a $49.00 target price on shares of Coca-Cola and gave the stock a buy rating in a research report on Thursday, July 28th. Goldman Sachs Group Inc. set a $45.00 price target on shares of Coca-Cola and gave the stock a neutral rating in a research note on Thursday, July 28th. Finally, Zacks Investment Research raised shares of Coca-Cola from a sell rating to a hold rating in a research note on Thursday, June 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $46.60.
Coca-Cola (NYSE:KO) traded down 0.0560% during trading on Thursday, reaching $41.7366. 3,662,251 shares of the company were exchanged. The firm has a 50-day moving average of $42.55 and a 200-day moving average of $44.38. The firm has a market cap of $180.14 billion, a price-to-earnings ratio of 24.0142 and a beta of 0.59. Coca-Cola has a 52-week low of $40.75 and a 52-week high of $47.13.
Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The company had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.69 billion. During the same period in the prior year, the business earned $0.63 earnings per share. Coca-Cola’s quarterly revenue was down 5.1% on a year-over-year basis. On average, equities analysts forecast that Coca-Cola will post $1.91 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Tuesday, September 13th. Coca-Cola’s dividend payout ratio is currently 80.46%.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Coca-Cola by 2.0% in the second quarter. Vanguard Group Inc. now owns 273,897,295 shares of the company’s stock worth $12,415,764,000 after buying an additional 5,478,675 shares in the last quarter. State Street Corp raised its position in shares of Coca-Cola by 0.9% in the first quarter. State Street Corp now owns 167,467,138 shares of the company’s stock valued at $7,768,816,000 after buying an additional 1,511,559 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Coca-Cola by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 102,413,710 shares of the company’s stock valued at $4,750,972,000 after buying an additional 843,493 shares during the last quarter. Capital Research Global Investors raised its position in shares of Coca-Cola by 4.1% in the second quarter. Capital Research Global Investors now owns 79,080,741 shares of the company’s stock valued at $3,584,730,000 after buying an additional 3,091,367 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Coca-Cola by 4.7% in the second quarter. BlackRock Fund Advisors now owns 58,761,795 shares of the company’s stock valued at $2,663,672,000 after buying an additional 2,641,790 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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